WK Strawbridge Blog: Tax
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IRD audit and enforcement activity to increase
For many years now, the New Zealand Inland Revenue has not been overly active, or at least not visible, in investigations or enforcement. There have been various reasons for this. The main reason was that the IRD was undergoing a…
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New Zealand Budget 2024 – a step in the right direction?
We were highly critical of the additional spending in Budget 2023 in a time of high inflation and were pessimistic of Treasury’s 2023 forecast that NZ would not enter a recession. Treasury were, of course, wrong and NZ is…
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Family Boost – tax credit for childcare costs
Last month, fulfilling an election promise, the Government announced a new credit called FamilyBoost for families paying for early childhood education (ECE). FamilyBoost replaces the proposed extension to the 20 free ECE hours for under two-year olds announced by the…
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